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The Nexus
BUSINESSJul 14 · 14:30 UTCQUARTZCris Tolomia

Inflation beat expectations. IBM stock crashed. Oil surged. The S&P 500 is barely up

Inflation in June was lower than expected at 3.5% annually, but rising oil prices and a warning from IBM limited market gains. The S&P 500 showed minimal upward movement amid these factors.

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